CORPORATIONS ACT 2001
A condition of a contract for the acquisition of a financial product is void if it provides that a party to the contract is:
(a) required or bound to waive compliance with any requirement of this Part (or of regulations made for the purposes of this Part); or
(b) if the acquisition occurs in circumstances in which the party is required by a provision of this Part to have been given a Product Disclosure Statement for the product - taken to have notice of any contract, document or matter not specifically referred to in a Product Disclosure Statement or Supplementary Product Disclosure Statement given to the party.
[ CCH Note: For modified s 1020D(b), see Corporations Regulations Schedule 10BA - Modifications of the Act relating to short-form product disclosure statements, Part 3, item 3.8]
[ CCH Note: For substituted s 1020D(b), see Corporations Regulations Schedule 10A, Part 19 - Modifications for carbon units, Australian carbon credit units and eligible international emissions units, item 19.23]